SSP Group PLC (SSPG) Price Target Raised to GBX 360

SSP Group PLC (LON:SSPG) had its target price raised by Canaccord Genuity from GBX 340 ($4.21) to GBX 360 ($4.46) in a research note issued to investors on Tuesday. Canaccord Genuity currently has a hold rating on the stock.

A number of other brokerages also recently commented on SSPG. Numis Securities Ltd started coverage on SSP Group PLC in a research report on Monday, October 10th. They set a buy rating and a GBX 390 ($4.83) price objective for the company. Barclays PLC reiterated an equal weight rating and set a GBX 280 ($3.47) price objective on shares of SSP Group PLC in a research report on Wednesday, July 20th. JPMorgan Chase & Co. increased their price objective on SSP Group PLC from GBX 366 ($4.53) to GBX 385 ($4.77) and gave the company an overweight rating in a research report on Friday, October 21st. Panmure Gordon increased their price objective on SSP Group PLC from GBX 350 ($4.34) to GBX 380 ($4.71) and gave the company a buy rating in a research report on Thursday, September 15th. Finally, Shore Capital reiterated a buy rating on shares of SSP Group PLC in a research report on Tuesday, July 19th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of GBX 352 ($4.36).

SSP Group PLC (LON:SSPG) opened at 334.70 on Tuesday. SSP Group PLC has a one year low of GBX 260.40 and a one year high of GBX 349.60. The firm’s market cap is GBX 1.59 billion. The company has a 50-day moving average price of GBX 329.68 and a 200-day moving average price of GBX 315.66.

SSP Group PLC Company Profile

SSP Group plc is a United Kingdom-based operator of food and beverage outlets. The Company operates a range of outlets from quick service to fine dining. The Company provides a range of food and beverage products to a variety of customers in the travel environment. Its clients include owners and operators of airports and railway stations.